Weekly News Letter (Dated 18 -- 22 June 2018) Visit: http://www.ibnservices.in or http://ibnservices.blogspot.in or http://nse-bse.blogspot.in or http://mcx-ncdex.blogspot.in

Weekly News Letter

Date : 18 – 22 June 2018

 

Prepared By: Manish Kumar Sarraf (Prop. IBN Services)

Designation: Research Analyst, SEBI Reg No. INH100001948

Address: K-7, 2^nd Floor, Bal Udhayan Rd, Uttam Nagar, New Delhi-59

Phone: (91) 011-28565999; 9899909899; 9968443444; 9311353399

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Support & Resistance

 

NIFTY:

Last Close: 10817.70 (Up 50.05)

Resistance Levels: 10850, 11200, 11400, 11600, 12000

Support Levels: 10400, 10200, 10000, 9800, 9600

 

SENSEX:

Last Close:  35622.14 (Up 178.47)

Resistance Levels: 35600, 36500, 37300, 38000, 40000

Support Levels: 34000, 33200, 32500, 31800, 31000

 

Sensex Range This Week: 34000—36000 above which it will touch 37000+ & Below Target 33000; Good Resistance Closing Abv 36000.

 

Market Commentary:

Nifty may trade in a range of 10850—10700 and breaking & closing any side can show further movement of 200 points. Many mid-cap stocks can show very good upside if market sustains the bull run in short term & Nifty can hit all time new high again, trade with caution. Hot sectors this week: Telecom & Fmcg.

 

Hot picks for this week:

IDBI, IDEA, RCOM, BHARTIARTL, CGPOWER, NTPC, ITC, RELCAP,  DRREDDY, JUBLFOOD, RELIANCE, SUNPHARMA, M&M, SBIN  etc.

 

Last week's profits:           IDEA – Rs. 0.00

                                                INFY Fut. – Rs. 24000.00

                                                IDBI Fut. - Rs. 0.00

                                                HINDUNILVR Fut. - Rs. 12000.00

                                                RCOM (Options) – Rs. 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
IDEA (60.50)	Must Buy Arnd Cmp-58	64	66—68++	57		News based buying can be seen, can rise to 70+
INFY (1276.00)	Sell Fut. At 1280—1305	1220	1195—1170	1330		High risk trader can sell on rise hedging option
Derivative- Future (Strategy for this week)
IDBI (59.55)	Must Buy At 59—57.50	62	64—66+	Bel 56.5	Max Profits: Unlimited		Low risk pick for short term traders, keep SL.
IDBI Put 60 (2.50)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 10000
HINDUNILVR (1611.95)	Sell Around 1616—1650	1640	1600—1560	Abv 1680	Max Profits: Unlimited		High Risk High Gain strategy for this week.
HINDUN CE 1620 (22.0)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 18000
Derivative- Option Strategy
RCOM CE 17.50 (0.75)	Must Buy Arnd 0.7-0.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this week, keep spot SL 12.50
RCOM  PE 12.50 (0.25)	Sell 2 Lot with CE 17.50				Min Loss: Rs. 30000

 

Weekly News Letter (Dated 18 – 22 Jun 2018) Performance Report: Maximum Profit/Loss: Rs. 36000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDEA	Buy Around 60.50	60.50	0	7000	Profit Rs. 0.00
INFY  Fut.	Sell Fut. At 1280	1240	40	600	Profit Rs. 24000.0(Super Call)
IDBI (Fut./ Opt)	Buy/ Sell- 59 / 2	59 / 2	0 – 0 = 0	10000	Profit Rs. 0.00
HINDUNILVR (Fut./Opt)	Sell /Buy- 1625 / 29	1585 / 9	40 – 20 = 20	600	Profit Rs. 12000.00
RCOM (Option)	Buy/Sell- 0.6 / 0.30	0.20 / 0.10	– 0.40+(2*0.2) = 0	28000	Profit Rs. 0.00

 

Note: Actual result may vary from one's trading habit & sentiment, the above results are calculated based on given trading ranges and actual prices traded on exchanges. This should not be interpreted with actual profit & loss of any client.

 

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